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My loan servicing company, for some reason, marked my loan in forbearance while my annual re-application for IBR processes. I did not request this and have no idea why they did this. It has only been in their system under “forbearance” for a few days. I am going to call and fix it, but I am wondering if this will affect my status for the public service loan forgiveness program? I just want to make sure!
It will not affect your status as the payments do not have to be consecutive. However, while in forbearance, it’s possible the interest could be capitalized. Make sure you are in an “administrative” forbearance that prevents the interest from being capitalized.